Car servicing costs could escalate by as much as 10 per cent after Brexit. A new report conducted for car industry body the Society of Motor Manufacturers and Traders (SMMT) warns that if tariffs and other trade barriers come into force when the UK leaves the European Union, prices could rise. It claims the average annual cost of car servicing would then increase to £777.
According to the SMMT, 80 per cent of car spares are imported. Almost three quarters of those come from EU-based suppliers. The SMMT is concerned that if no new trading relationship with the EU is secured, tariffs and customs barriers will hike the prices of these parts.
Last year, every UK car owner spent an average £707 on car maintenance. Tyres, lubricants and filters were the most commonly replaced items. However, demand is rising quickly for telematics devices and tyre pressure monitoring sensors. Read our five top tips on how to save money on car servicing.